Music and Media Stocks: Analysts Stay Neutral

Universal Music Group (UMGNF) and Corus Entertainment (CJREF) are two companies in the communication services sector that have caught the eye of analysts. Both companies have received neutral ratings, meaning analysts are not particularly excited or worried about their stocks. Universal Music Group, a major player in the music industry, has a price target of EUR25. 00 from Conor O'Shea at Kepler Capital. The stock recently closed at $27. 18. O'Shea's track record shows an average return of 1. 2% for this company. Overall, analysts have a consensus hold rating on UMGNF, with a price target of $32. 04, suggesting a potential 17. 8% increase. On the other hand, Corus Entertainment, a media company, has a price target of $0. 08 from Tim Casey at BMO Capital. The stock is near its 52-week low of $0. 05. Casey is known for his strong performance, with an average return of 7. 5% and a success rate of 60. 3%. The consensus among analysts is also a hold for Corus Entertainment, with a price target of $0. 11, indicating a possible 46. 5% upside. Both companies have analysts who are cautiously optimistic but not bullish. This suggests that while there is potential for growth, there are also risks to consider. Investors should carefully evaluate these factors before making any decisions.